Two Harbors Investment Corp. (NYSE:TWO) Receives Average Recommendation of “Moderate Buy” from Analysts

Two Harbors Investment Corp. (NYSE:TWO) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.18.

A number of research firms have commented on TWO. Compass Point reduced their price objective on shares of Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research report on Monday, November 25th. JPMorgan Chase & Co. decreased their target price on shares of Two Harbors Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Two Harbors Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Janney Montgomery Scott initiated coverage on Two Harbors Investment in a research report on Friday, August 16th. They set a “buy” rating and a $15.00 price target on the stock. Finally, JMP Securities dropped their price objective on Two Harbors Investment from $15.00 to $14.50 and set a “market outperform” rating for the company in a report on Thursday, October 17th.

Two Harbors Investment Trading Down 0.8 %

Shares of NYSE:TWO opened at $11.78 on Wednesday. Two Harbors Investment has a 52-week low of $11.28 and a 52-week high of $14.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $1.22 billion, a P/E ratio of -2.44 and a beta of 1.85. The company has a 50-day simple moving average of $12.34 and a 200 day simple moving average of $13.03.

Two Harbors Investment (NYSE:TWO) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The business had revenue of $112.64 million during the quarter. Two Harbors Investment had a negative net margin of 87.84% and a positive return on equity of 4.45%. During the same period last year, the firm posted ($0.01) earnings per share. Sell-side analysts forecast that Two Harbors Investment will post 0.47 earnings per share for the current year.

Two Harbors Investment Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 15.29%. The ex-dividend date of this dividend was Tuesday, October 1st. Two Harbors Investment’s payout ratio is -37.34%.

Institutional Investors Weigh In On Two Harbors Investment

A number of hedge funds have recently made changes to their positions in TWO. Allspring Global Investments Holdings LLC increased its position in Two Harbors Investment by 1.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,281,220 shares of the real estate investment trust’s stock worth $73,303,000 after purchasing an additional 84,038 shares in the last quarter. State Street Corp increased its holdings in shares of Two Harbors Investment by 2.7% during the third quarter. State Street Corp now owns 3,877,111 shares of the real estate investment trust’s stock worth $53,814,000 after buying an additional 102,294 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Two Harbors Investment by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,440,820 shares of the real estate investment trust’s stock valued at $33,885,000 after acquiring an additional 48,264 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Two Harbors Investment by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,484,543 shares of the real estate investment trust’s stock valued at $20,605,000 after acquiring an additional 33,852 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Two Harbors Investment by 48.2% during the 2nd quarter. Van ECK Associates Corp now owns 857,246 shares of the real estate investment trust’s stock valued at $11,324,000 after acquiring an additional 278,666 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.